Greenland Capital Management LP Sells 4,164 Shares of Welltower Inc. $WELL

Greenland Capital Management LP lowered its position in Welltower Inc. (NYSE:WELL) by 22.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,290 shares of the real estate investment trust’s stock after selling 4,164 shares during the quarter. Greenland Capital Management LP’s holdings in Welltower were worth $2,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SouthState Corp boosted its position in Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC bought a new stake in Welltower in the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Welltower during the first quarter valued at approximately $32,000. WPG Advisers LLC bought a new position in shares of Welltower in the first quarter worth approximately $34,000. Finally, Saudi Central Bank bought a new position in shares of Welltower in the first quarter worth approximately $38,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 0.7%

Welltower stock opened at $198.55 on Wednesday. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $200.64. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $177.17 and its two-hundred day simple moving average is $164.38. The company has a market capitalization of $136.27 billion, a price-to-earnings ratio of 136.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business earned $1.11 EPS. Welltower’s revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 10th. Welltower’s dividend payout ratio is presently 204.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WELL. National Bankshares set a $246.00 price target on Welltower in a report on Friday, October 17th. Evercore ISI increased their target price on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Wells Fargo & Company raised their target price on Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Scotiabank lifted their price target on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average price target of $190.07.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.